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Professional Accounting

MSc/PGDIP/PGCERT

School - Salford Business School

Subject area - International Finance, Accounting and Economics

Start Date(s): September

Duration:

MSc (one year full-time or two years part-time)

PgDip (eight months full-time or two years part-time)

PgCert (four months full-time or one year part-time)

Fees:

Part-time - £1,417 per 30 credit module

UK - £8,500

International - £14,400

In Brief:

  • For practising accountants looking to progress in their career
  • Taught by subject area experts
  • A programme that equips you with the necessary theory and skills to work successfully in professional accountancy services and corporate sectors
  • Part-time study option
  • Work/industrial placement opportunity
  • International students can apply

Course Summary

The MSc Professional Accounting specifically addresses the needs of those who have completed a first degree in accounting where they have passed all F(fundamental) papers F1 – F9 and wish to study for the outstanding P(professional) papers to qualify as an accountant.

You will identify, formulate and solve business problems employing appropriate methodologies, qualitative and quantitative skills, and involving the creation and assessment of management needs. This programme is highly industry-focused so you will be learning from industry experts who have themselves sat and passed the ACCA exams; and using modern accounting and management techniques that are used in industry.

This is a challenging course and, in order to reach the standard demanded by the ACCA, students are expected to be very focussed on their studies both in class and in your personal study time. However, Salford Business School will support you both academically and pastorally to achieve your potential.

By the time you graduate, you will have enhanced your professional abilities and developed your skills in critical thinking and analysis so you are ready to sit your ACCA professional papers. At the same time, you will also have gained a Master’s degree.

Course Details

The course is delivered in two blocks of intensive study periods. For each block, you study two modules for a 12-week period. Face-to-face teaching is delivered on campus for two half days each week. In addition, you will attend the taught element of the Industry Collaboration Project each Wednesday afternoon during the 12-week blocks.

Part time students study alternate modules (one module on, one module off) to complete their degree in two years.

During this period, you will also undertake independent study in your own time with online support through the University’s virtual learning environment, Blackboard.

For the final third of your studies, you will work on your Industry Collaboration Project, working with your own or another organisation.

Semester 1        

Through this module you will be provided with insights into modern governance practices. You will learn how to apply the relevant skills and knowledge in carrying out the role of the accountant and develop the ability to relate practice to governance, internal control, compliance and the management of risk within an organisation.
In this module you will learn to apply relevant knowledge and exercise professional judgement in corporate reporting. You will also critically apply a variety of financial reporting principles and practices to a range of business contexts and situations.

Semester 2        

Choose any two of the following:
Through this module you will learn to apply relevant knowledge in taking or recommending decisions relating to the financial management of an organisation. You will critically assess different strategies for corporate reorganisation and analyse the impact of macroeconomics in the financial management of multinationals.
Performance Management aims to help you contribute to the evaluation of the performance of an organisation and its strategic development.  You will develop an understanding of the strengths and limitations of modern performance management techniques and lean how to apply relevant knowledge and judgement in selecting strategic management accounting methods.  
This module prepares you to contribute to the tax efficiency of modern firms, provide advice related to complex tax issues and to play a senior management role within an organisation.  
Through this module you will analyse and evaluate the assurance engagement and other audit and assurance issues in the context of both best practice and current developments. You develop an understanding of the legal and regulatory environment and its impact on audit and assurance practice.  

Semester 3      

Industry Collaboration Project (ICP)

This module accounts for the final 60 credits of your degree and gives you the opportunity to examine an issue that is important to an organisation. The Industry Collaboration Project offers four different options: a Work Placement, a three month Internship, the applied Dissertation and, from September 2019, the Entrepreneurship path. You will be allocated a supervisor to mentor you through your chosen project and receive support wherever necessary from the Salford Business School Employability Team. For all options students are encouraged to address a real organisational issue, and to disseminate their work to a wider audience, meaning that you can create real impact through your Industry Collaboration Project.

The Work Placement gives you the chance to undertake a six month project with an organisation located regionally, nationally or internationally. By exploring a key issue impacting an organisation, you will apply the theoretical knowledge gained through your studies and develop and use appropriate problem-solving skills in a real-world environment. Your work placement will be assessed primarily through the production of a project proposal and an 8,500 – 10,000 word portfolio.
The Internship option of the Industry Collaboration Project aims to equip you with the relevant practical skills to critically identify and evaluate key issues impacting organisations and their environments either in the UK or overseas. Over a three month period, you will work alongside an organisation to identify and explore a real organisational issue. Through your project, you will apply your theoretical knowledge in the development of solutions to the identified issue, produce a project proposal and finally an 8,500 – 10,000 word portfolio.
An advanced-level research pathway based on a real-world business problem. You will create an initial research proposal then produce a 12,000 – 15,000 word dissertation for assessment.The Dissertation path gives you the opportunity to apply the theoretical and practical knowledge gained from the taught elements of the programme to a current organisational issue and deploy and effectively use appropriate problem-solving skills through critical self-reflection and methodical, systematic research.
Please note, this option is available from September 2019
Through this option, along with applying your theoretical knowledge from the taught elements of the programme, you will develop the transferable skills and qualities required for entrepreneurial behaviour and work on your own innovative business idea. You will reflect on business opportunities, challenges and strategies with the aim of establishing a new businesses, or incorporating entrepreneurial thinking into the management of an existing organisation. The three month Entrepreneurship path will be assessed through the development of an Initial Business Proposal and an 8,500 word Comprehensive Business Proposal accompanied by a 30 minute presentation.

Entry Requirements

A minimum 2:2 degree or equivalent or successful completion of the Graduate Certificate International Management.  A wide range of professional qualifications are also accepted.  We welcome applications from students who may not have formal/traditional entry criteria but who have relevant experience or the ability to pursue the course successfully.

Accreditation of Prior Learning (APL)

We welcome applications from students who may not have formal/traditional entry criteria but who have relevant experience or the ability to pursue the course successfully.

The Accreditation of Prior Learning (APL) process could help you to make your work and life experience count. The APL process can be used for entry onto courses or to give you exemptions from parts of your course.

Two forms of APL may be used for entry: the Accreditation of Prior Certificated Learning (APCL) or the Accreditation of Prior Experiential Learning (APEL).

English Language Requirements

Normally IELTS 6.5 with no individual element below 5.5, or equivalent recognised Secure English Language Test, (SELT).  

If the English language qualification is slightly below this level candidates may be able to take one of the many English courses available in the University. Please search for English in Course Finder.

Suitable For

Any graduate with an accounting background who wishes to qualify as an ACCA qualified accountant.  You will be responsible for organising directly with the ACCA to sit your professional exams.

Fees 2018-19

Type of StudyFee
Full-time£8,500
Part-time£1,417 per 30 credit module
Full-time International£14,400

Additional costs

You should also consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.

Students are responsible for organising to sit the ACCA examinations for which there is an additional cost payable to ACCA.

Scholarships and Bursaries

For more information please see our funding section

Teaching

The course is block delivered with students studying a single module for a 6 week period.  Face to face teaching is delivered on campus for two half days each week. In addition, you will attend the taught element of the Industry Collaboration Project each Wednesday afternoon during the 6 week blocks, with independent study completed in your own time through the University’s virtual learning environment, Blackboard.  Individual student timetables are provided during induction week.

Teaching is delivered through a combination of lectures, seminars and tutorials, using a wide range of learning activities.

Assessment

Over the duration of your course a range of assessment techniques will be used. Types of assessment include; essays, assignments, exams, multiple choice tests, online tests, group reports, and portfolio work. The weighting between exams and coursework varies between modules and years, but exams still play a major role.

Employability

Students on completing this course will be able to work as an accountant in all industries.  More specifically it is aimed at ambitious students who plan on becoming Chief Financial Officers, Chief Executive Officers, Company Directors and other senior roles in industries both UK and abroad.

Links with Industry

The University of Salford grew out of the institutes of the late 19th century that provided a talented, technically proficient and professional workforce to support the UK’s rapidly growing industries. In the 21st century, this still holds strong. Whilst industry has changed significantly, the need for industry-focussed education is equally relevant today.

We teach the skills that employers need and as a result, our graduates enjoy excellent international career prospects.

The curriculum across our postgraduate courses balances academic teaching and professional experience.  Our industry partners give us their input into the curriculum so that the teaching reflects industry’s current and future needs and you develop the skills that employers want.  The Industry Collaboration Project, which forms the final third of your study, is designed to give you real-world experience so you can apply the theory you have learned.

Further Study

Find out more information about research opportunities here.

Facilities

Salford Business School is located at the heart of the University’s Peel campus in the newly refurbished Lady Hale Building, and the Chapman Building, offering state-of-the-art facilities for the Business School’s student learning community and just minutes from Manchester city centre. Chapman is a stylish modern space with six lecture theatres equipped with the very latest technology and large screen displays, a series of communal learning and breakout spaces, plus a Fairtrade café with panoramic views across the campus.

Lady Hale is the home to all dedicated business school student support including the school office, an employability hub, a base for the Business School society, and several open study spaces.

All University of Salford students also have access to the MediaCityUK campus including its study facilities.  MediaCityUK is home to major BBC and ITV departments and over 80 businesses across the creative and digital sectors.  It is recognised as one of the most innovative developments in Britain and is a vibrant place in which to live, work, socialise and study.

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